Reasons for its creation

1. Today's payment systems (credit cards, cash, bank transfers) are old and outdated, which means we are all bearing unnecessary costs.
2. There are numerous advanced payment technologies and innovations that are awaiting their development implementation.
3. So why don't we already have more modern and better systems? Because there is a "chicken and egg" barrier: no buyer will participate in a new payment network without sellers, and no seller will offer a new payment option that no buyer uses.
4. If someone built a modern payment system that implemented these technologies and somehow got buyers and sellers to adopt it, this system would quickly become popular. It could eventually reach $20 trillion in trading per year.
5. Now imagine if this system created a specific global currency. Let's say it's Q. According to economic models, the value of all Q would be several trillion US dollars.
6. The Q Initiative is reserving this Q currency for people who join today, the sooner they join, the more Q they can reserve!
7. This is a self-fulfilling prophecy. As millions of people join, advanced payment technologies will be deployed, the payment system will become even more popular, the Q coin will become valuable, and the prizes given to early adopters will reach their potential value.

How valuable is a coin?

Every member of the Q network wants to know how valuable the Qs can become. If the Q Initiative succeeds in creating a world-leading payment network, the Qs currently reserved for members are expected to be awarded over time at a value of approximately one US dollar for each Q.

The following economic model explains the reasoning behind this estimate and the mechanisms used to maintain the long-term value of the Qs alongside the growth of the Q network.

Value of a Q

The Q rewards currently reserved come from a total supply of 2 trillion Qs. This means that rewards will be available for use at a rate of one dollar per Q, once all Qs reach a value of US$2 trillion, a realistic estimate assuming large-scale adoption, as shown above.

Initiative Q Payment Model

Initiative Q is creating a modern payment network that will bring together the best ideas, innovations and technologies developed in recent years. The Q payment network will enable secure, fast and low-cost transactions using a global currency.

Many of the ideas that the Q Initiative will include already exist in some form, but so far they have had only limited acceptance and there is no universal system that fully integrates them. This is due to the classic chicken-and-egg barrier: no buyer wants to join a new network without sellers, and no seller will offer a payment option that no buyer uses. Initiative Q will overcome this barrier by distributing its "Q" currency for free to early adopters, creating an incentive for its adoption and use.

Its Architecture

Initiative Q aims to become the world's leading payment network. That requires establishing locations around the world, complying with local regulations and providing quality customer service.

To achieve this goal quickly, Initiative Q will focus only on technology, standards and regulation, while delegating the financial operation to hundreds of local representatives. These local representatives will be responsible for customer service, protecting member funds, connecting local stores, complying with laws, and arranging with other agents.

1. The buyer visits the seller's store or website.
2. If online, the buyer chooses the Q payment option and is identified by the Q payment network.
3. If in a physical store, the buyer's Q application connects to the point-of-sale system. seller sale sending transaction details to payment network Q.
4. The application requests approval from the buyer. Depending on the size and risk of the purchase an additional security measure may be invoked (as detailed above).
5. The Q payment network notifies the transaction to the buyer's agent.
6. The buyer's agent server verifies that the buyer has enough Q (or credit) to cover the purchase and, if so, notifies the seller's agent.
7. The Seller receives notification that the transaction was successful and provides the product or service to the buyer.
8. Periodically, all agents settle their outstanding balance through Q's internal network. This settlement can use a blockchain ledger, enjoying the advantages of cryptocurrency and at the same time protecting customers from its numerous defects.

To enter the official Q page, click on the link: https://initiativeq.com/